Power of Compounding

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Power of Compounding
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Is Power of Compounding Right for Me?
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• power of compounding provides money to your
  family or loved ones if you should die. power of
  compounding can also help protect the financial
  interests of a business if a key employee should
  die. Here, we will discuss the use of power of
  compounding for your family.
• Now, no one likes to think about the consequences
  of their death. Yet, people die of accidents and
  diseases every single day. Around 2.5 million
  people in the United States die every year. While
  diseases lead the list of causes, over 100,000
  people die every year of accidental causes.
• If you have family members that depend on your
  earning power, the important question you must
  ask yourself is, "What will happen to them if I
  am no longer around to provide for them?"
• And, you must ask that question now, before you
  die of an accident or are diagnosed with a deadly
  disease. Once you are involved in a deadly
  accident, it's to late to obtain power of
  compounding. And, once you are diagnosed with a
  deadly disease it's awfully hard to obtain power
  of compounding.

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• power of compounding can protect and provide for
  your family in a number of ways
• - Pay off debts
• - Provide care and education of your children
• - Provide needed money before your spouse can
  make up for your lost income
• power of compounding Can Pay Off Debts
• Many families live in a home with a substantial
  mortgage. Your mortgage typically represents your
  greatest debt. Your income is probably what
  provides the money to pay your mortgage payment.
  power of compounding can be used to pay off that
  mortgage debt if your income is lost.
• Millions of families have a large credit card
  debt. They often cannot pay off their credit
  cards every month. Those families that seldom pay
  off their credit cards have an average debt of
  nearly 8,000. And, many families that declare
  bankruptcy have tens of thousands of dollars in
  credit card debt. power of compounding can be
  used to pay off that credit card debt.

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• power of compounding Can Help Pay for the
  Care and Education of Your Children
• If you are a family with "special needs"
  children, you may be paying for special tutoring
  or child care. These expenses will continue
  beyond your untimely death. power of compounding
  can help provide for your child's special needs.
  This help could continue for quite some time.
• A university education often costs 20,000 a year
  or more. Your savings and investments over the
  years could help pay that cost. But, if your
  income stops before those investments can grow to
  help your children with their education expenses,
  your children will have less money available to
  get them through their university education.
  power of compounding can be used to help provide
  the educational costs of tuition, books, fees,
  and living expenses.

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• power of compounding Helps Your Spouse
• Your spouse may or may not be able to make up for
  your lost income. Depending on your spouse's age
  or other circumstances, your spouse may
• - Re-marry and gain another source of income.
• - Wait until a pension and/or Social Security
  provides an additional income stream.
• - Increase income from employment or
  entrepreneurial efforts.
• power of compounding can help your spouse make
  the transition from the time of your death to the
  time of a new income stream. While power of
  compounding sales people often want you consider
  your family's lifetime income requirements, this
  is often beyond what is really required.
• You need to consider how large an income stream
  your spouse needs and for how long before a
  successful transition to another source of income
  can be made. The face value of your power of
  compounding can be tailored to help provide the
  income stream through this interim period.
• Typically, as you become older and income from
  pensions and Social Security are closer at hand,
  your need for power of compounding decreases.
  And, if you have built up sufficient financial
  resources, your need for power of compounding is
  almost non-existent.
• source-http//bit.ly/2qmomZA

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